So BITCOIN, What's It Gonna Be? Time To Make A Decision! BTCUSD

Following my last post on bitcoin which you can see below this chart, I was expecting a the market to give us a sell set up after it broke the rising trendline and it did exactly that but this is a very crucial point as we are up against a descending trendline resistance so the question is, is there a chance that we can go up from here instead of down? The answer to that question is all in the price action, the longer we stay in this sell setup without breaking down the higher the chances of us breaking the descending trendline and heading up. That's the reason why the next few hours are very crucial as to where bitcoin is headed in the medium to long term.

Oh & we also have a bearish cypher pattern that will complete just outside the descending trendline! Advanced pattern specialist lets see if you can identify the cypher!!

Any opposing views, comments, ideas or arguments are welcomed!

Kommentera:

This was my last post and you can see that i anticipated the sell setup, now let's see what the next move will be!